Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in the tight markets amid prospects of a new Iran deal.
Brent futures were down 58 cents, or 0.48%, at $121.02 a barrel and U.S. West Texas Intermediate futures fell 96 cents, or 0.84%, to $113.97 a barrel at 0502 GMT. Both contracts rose $2 and $1, respectively, in early trade.
Iran is already preparing for a ramp-up in exports, and the state refiner NIOC has reportedly started to reach out to former key customers in India and South Korea, the note added.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rich Nations Must Cut Off Oil and Gas by 2034 to Keep Climate Hopes Alive: Report\u0022This report is a stark indictment of the climate failure of rich countries,\u0022 said one climate advocate. \u0022Rich countries have twelve years to end their production of oil and gas, but none has any plans to do so.\u0022
Read more »
Oil prices dip lower in rollercoaster weekOil futures turned lower Thursday morning, after sharply rising in the first portion of the week on supply disruptions.
Read more »
US oil inventory unexpectedly plummeted last week as pressures mountedInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Venezuela's opposition presses U.S. to hold off its consideration of oil importsSidelined in high-level talks between the United States and Venezuela, the South American country's opposition is pressing Washington to condition any easing of oil sanctions on political concessions, three people involved in the matter said, adding new hurdles to oil companies hoping to resume operations there.
Read more »
Oil News and Forecast - FXStreetCheck our updated for Oil News including real time updates, technical analysis and the economic latest events from the best source of Forex News.
Read more »